- The February auto sales are likely to be a mixed bag of ups and downs as the two-wheeler sales remain under pressure and tractors continue to outperform.
- Despite a sharp month-on-month uptick in discounts, the demand for two-wheelers continued to remain subdued, especially in the entry-level segment.
- Check out the latest news and updates on Business Insider.
The auto companies are set to declare their monthly sales figures as we near the end of February. The auto sales for the months is likely to be a mixed bag of ups and downs as the two-wheeler sales remain under pressure and tractors continue to outperform, said an analyst report.
According to the Nirmal Bang report, the retail enquiries continued to remain healthy for passenger vehicles, and order backlog continued to be strong amid supply constraints. The report indicated that despite a sharp month-on-month uptick in discounts, the demand for two-wheelers continued to remain subdued, especially in the entry-level segment.
The tractors segment is expected to see a healthy growth in sales led by strong demand due to good Rabi sowing amid an increase in farm mechanisation.
Here is what to expect from automakers in February
Maruti sales expectations:
| Maruti Suzuki India | February 2021 (expectations) | February 2020 | YoY (%) |
| Domestic sales | 143,000 | 136,849 | 4.5% |
| Exports | 11,000 | 10,261 | 7.2% |
| Total sales | 154,000 | 147,110 | 4.7% |
Source: Nirmal Bang
M&M sales expectations:
| Mahindra & Mahindra | February 2021 (expectations) | February 2020 | YoY (%) |
| Automotive | 36,500 | 32,476 | 12.4% |
| Farm Equipment | 32,000 | 22,561 | 41.8% |
| Total Sales | 68,500 | 55,037 | 24.5% |
Source: Nirmal Bang
Bajaj Auto sales expectations:
| Bajaj Auto | February 2021 (expectations) | February 2020 | YoY (%) |
| Motorcycle | 345,000 | 310,222 | 11.2% |
| Three-wheeler | 42,000 | 44,691 | -6% |
| Total | 387,000 | 354,913 | 9% |
Source: Nirmal Bang
Ashok Leyland sales expectations:
| Ashok Leyland | February 2021 (expectations) | February 2020 | YoY (%) |
| MHCV | 7,700 | 7,368 | 4.5% |
| LCV | 5,250 | 4,107 | 27.8% |
| Total sales | 12,950 | 11,475 | 12.9% |
Source: Nirmal Bang
Eicher Motors sales expectations:
| Eicher Motors | February 2021 (expectations) | February 2020 | YoY (%) |
| VECV | 5,500 | 4,439 | 23.9% |
| Royal Enfield (RE) | 67,000 | 63,536 | 5.5% |
Source: Nirmal Bang
TVS February auto sales expectations:
| TVS Motor | February 2021 (expectations) | February 2020 | YoY (%) |
| Three-wheeler | 13,000 | 17,370 | -25.2% |
| Two-wheeler | 270,000 | 235,891 | 14.5% |
| Total | 283,000 | 253,261 | 11.7% |
Source: Nirmal Bang
Hero MotoCorp February auto sales expectations:
| Hero MotoCorp | February 2021 (expectations) | February 2020 | YoY (%) |
| Motorcycle | 470,000 | 498,242 | -5.7% |
Source: Nirmal Bang
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